Wall Street analysts predict that Lowe’s Companies, Inc. (NYSE:LOW) will report earnings per share (EPS) of $1.36 for the current fiscal quarter, Zacks reports. Eleven analysts have made estimates for Lowe’s Companies’ earnings. The highest EPS estimate is $1.58 and the lowest is $1.26. Lowe’s Companies posted earnings of $1.19 per share during the same quarter last year, which suggests a positive year over year growth rate of 14.3%. The company is expected to announce its next quarterly earnings results on Wednesday, May 22nd.
On average, analysts expect that Lowe’s Companies will report full-year earnings of $6.06 per share for the current financial year, with EPS estimates ranging from $6.00 to $6.11. For the next financial year, analysts forecast that the business will post earnings of $6.93 per share, with EPS estimates ranging from $6.57 to $7.15. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow Lowe’s Companies.
Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, February 27th. The home improvement retailer reported $0.80 EPS for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.01. Lowe’s Companies had a net margin of 3.24% and a return on equity of 80.91%. The company had revenue of $15.65 billion for the quarter, compared to analyst estimates of $15.75 billion. During the same period in the prior year, the firm posted $0.74 EPS. The company’s quarterly revenue was up 1.0% on a year-over-year basis.
Several institutional investors have recently added to or reduced their stakes in LOW. CI Investments Inc. purchased a new stake in shares of Lowe’s Companies in the third quarter valued at approximately $59,775,000. Somerset Trust Co increased its position in shares of Lowe’s Companies by 2.6% during the fourth quarter. Somerset Trust Co now owns 31,709 shares of the home improvement retailer’s stock worth $2,929,000 after purchasing an additional 814 shares in the last quarter. Greatmark Investment Partners Inc. increased its position in shares of Lowe’s Companies by 24.8% during the fourth quarter. Greatmark Investment Partners Inc. now owns 63,221 shares of the home improvement retailer’s stock worth $5,839,000 after purchasing an additional 12,550 shares in the last quarter. F3Logic LLC purchased a new stake in shares of Lowe’s Companies during the fourth quarter worth approximately $2,135,000. Finally, Ironwood Financial llc increased its position in shares of Lowe’s Companies by 171.0% during the fourth quarter. Ironwood Financial llc now owns 542 shares of the home improvement retailer’s stock worth $50,000 after purchasing an additional 342 shares in the last quarter. 74.78% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:LOW traded down $1.05 during trading on Friday, reaching $99.76. The stock had a trading volume of 70,197 shares, compared to its average volume of 4,680,033. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.11 and a current ratio of 0.98. Lowe’s Companies has a 52 week low of $81.16 and a 52 week high of $117.70. The firm has a market cap of $80.95 billion, a P/E ratio of 19.43, a P/E/G ratio of 1.17 and a beta of 1.27.
About Lowe’s Companies
Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. It offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal and outdoor living, lawn and garden, paint, millwork, flooring, and kitchens, as well as outdoor power equipment.
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